MphasiS Ltd, an Indian IT services and back-office support provider and a unit of Hewlett-Packard Co, has entered into a definitive agreement to acquire US-based mortgage management specialist, Digital Risk LLC in all-cash deal valued at $175 million with an additional earn-out component. The Mphasis stock surged 4.5 per cent in early trade.
The purchase furthers MphasiS' strategy of focusing on financial services clients, a shift the company started in 2010. The Bangalore-headquartered
No comments:
Post a Comment